24 January 2018Analysis

R&Q completes assumption from Connecticut RRG

Randall & Quilter Investment Holdings (R&Q) has assumed the auto liabilities from a Connecticut-based risk retention group (RRG) to R&Q's wholly owned carrier, Accredited Surety and Casualty Company.

With estimated reserves of approximately $1.6 million, the RRG wrote auto liability policies in California during 2015.

Through Accredited, R&Q has said the transaction will provide full finality to the RRG for the auto liabilities assumed, enabling the entity to wind up.

“We are very pleased to announce our first assumption with a risk retention group was completed prior to yearend," said Ken Randall, chairman and CEO of R&Q. "This transaction is evidence of our unique ability to provide finality solutions to U.S. self-insurers through the use of Accredited and is an area which we are looking to expand in 2018.”

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More on this story

Actuarial & underwriting
5 January 2021   Randall & Quilter II Holdings, a wholly owned UK subsidiary of Randall & Quilter Investment Holdings (R&Q), has completed the acquisitions of The World Marine & General Insurance Company (WMG) and Inceptum Insurance Company, having received the necessary regulatory approvals.
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4 June 2020   Randall & Quilter Investment Holdings has completed a loss portfolio transfer from Houston International Insurance Group (HIIG).
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